UCO Bank has reported results for the fourth quarter and year ended March 31, 2020.
The bank has reported a net profit of Rs 16.78 crore for the quarter under review as against net loss of Rs 1552.03 crore for the same quarter in the previous year. Total income of the bank increased by 8.74% at Rs 4511.21 crore for Q4FY20 as compared Rs 4148.52 crore for the corresponding quarter previous year.
For the year ended March 31, 2020, the bank has reported net loss of Rs 2436.83 crore as compared to net loss of Rs 4321.08 crore for the previous year. Total income of the bank increased by 13.64% at Rs 18005.55 crore for year under review as compared to Rs 15844.14 crore for year ended March 31, 2019.